Who does this benefit?
http://www.foxnews.com/politics/201...ncement-on-steel-aluminum-trade-measures.html
http://www.foxnews.com/politics/201...ncement-on-steel-aluminum-trade-measures.html
Trump's Proposed 25% Tariff On Steel
- Thread starter Booky
- Start date
Remember the tarriffs he placed on Solar panels from China and now China's largest solar panel company is opening a massive plant in the US? It brings production (jobs) to the US and / or makes local utilities more competitive. It benefits everyone.
Steel prices will rise as steel from outside the country will rise in cost and American companies no longer have to try and complete with the lower prices of foreign steel.
Where do the big car manufacturers get their steel/aluminum from now?
Many different places....
Whomever sells it cheapest, most likely.
He is trying to bring back the steel and aluminum industry that has just about died off in this country. In the mean time it will probably mean higher costs for anything made of aluminum and steel. And it sent the stock market into the tank.
Man when I was kid my dad and I would go to Pittsburg to see the Pirates play and steel was big then...towards the end of my teenage years the steel Mills were ghost towns
Both of those are good things, IMHO. The stock market needs a correction something fierce, and there's no down side to bringing back industry.
I engineer and sell automation equipment for industrial processes. One of our vertical markets is metals. Our orders and inquires are *of-the-hook*. For decades I've watched too many steel production machines pulled out of US plants and shipped to China or India. For decades I've watch barge load upon barge load of shredded steel shipped to Asia. No more. Nothing is better than American steel. We perfected the process and sold the technology to Asia.
Take a tour of an old steel plant. Talk with the old timers. They'll tell you about how this building used to house 10 pickling lines. That building used to house rolling mills. This building used to have furnaces. Now? Empty. Long gone. It's depressing as hell to see and listen to these guys.
Who does this tariff benefit? Americans. We are reviving equipment and buying new equipment to revitalize the steel and aluminum industry that has long left the US.
It doesn't matter what the MSM says. Without a doubt we are seeing a massive bump in US based capitol equipment spending that started with the tax plan and is continuing with the tariff. This is hard, verifiable data. Americans are going to benefit for generations to come because of this.
Will we suffer a little short term as these plants modernize? Yes. It takes a lot of, money, equipment, skill, and tribal knowledge (that we've lost) to make metal products. Steel and AL prices will rise. But once we jump start these machines and get this country back to it's manufacturing roots prices will normalize. This is how we put Americans to work on many levels of the game. From equipment suppliers to production facilities.
What better way to spur an economy that has seen terrible GDP growth over the last 10 years than to revitalize a heavy industry.
Take a tour of an old steel plant. Talk with the old timers. They'll tell you about how this building used to house 10 pickling lines. That building used to house rolling mills. This building used to have furnaces. Now? Empty. Long gone. It's depressing as hell to see and listen to these guys.
Who does this tariff benefit? Americans. We are reviving equipment and buying new equipment to revitalize the steel and aluminum industry that has long left the US.
It doesn't matter what the MSM says. Without a doubt we are seeing a massive bump in US based capitol equipment spending that started with the tax plan and is continuing with the tariff. This is hard, verifiable data. Americans are going to benefit for generations to come because of this.
Will we suffer a little short term as these plants modernize? Yes. It takes a lot of, money, equipment, skill, and tribal knowledge (that we've lost) to make metal products. Steel and AL prices will rise. But once we jump start these machines and get this country back to it's manufacturing roots prices will normalize. This is how we put Americans to work on many levels of the game. From equipment suppliers to production facilities.
What better way to spur an economy that has seen terrible GDP growth over the last 10 years than to revitalize a heavy industry.
Has Trump brought any of his businesses stateside yet?
You mean they ALL have not filed for bankruptcy yet?
This actually benefits NuCor directly up the road from me. They produce some of the highest quality types of steel and actually developed the new type that's about to be used for trucks. Lighter than aluminum but stronger than traditional steel. A friends wife is high up in management at the plant/engineering division.
This might force Manely to finally use US billets for their rods. You know, so they are truly American made. lol
I actually worked for a short time at the NuCor facility in Waterloo Indiana back in 2005 when I was jumping between steel building companies. Great company to work for.
Welp, should be interesting to see how this plays out for my company. We import a pvc product with an aluminum insert that's co-extruded. Wonder if this will just be raw aluminum or not.
Mine are classified as raw material, but labelled under PVC first. Wish I could buy American, but there isn't one company in America that makes the product I need.
Users who are viewing this thread
